Micron Calls Gain; Nasdaq Bounces Back
The Nasdaq is bouncing back from its two-day swoon with semiconductors and
biotechs leading the charge. Forest and paper products and chemicals are seeing
weakness.
At mid-day, the VIX is down .82 to 21.83.
The OEX September 820 calls are up 2 1/8 to 10 1/2.
Among bigger movers on heavier-than-average volume:
Micron
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PowerRating) is rebounding a bit from Wednesday’s drubbing and is up 2 3/16
to 72 1/4. The Micron September 75 calls are up 1 1/8 to 2 1/2 on more than
10,000 contracts.
Intel
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PowerRating) is also showing renewed strength, rising 2 23/64 to 68
1/16. The Intel October 70 calls are up 1 to 3 7/8 on more than 3000 contracts.
Applied Micro Circuits
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PowerRating) is one of the day’s biggest point gainers,
rising 14 1/16 to 193 1/8. The AMCC September 210 calls have added 1 11/16 to 2
7/16 on more than 1200 contracts.
Also strong in the chip sector is Xilinx
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PowerRating), which is up 4 9/16 to
86 1/2. The Xilinx September 80 calls have risen 3 to 8 on more than 2600
contracts.